FB to bring in ad transparency measures in Britain, says CTO

Mark Zuckerberg faces Wall Street for first time since data scandal

The numbers come on the back of two months during which Facebook has been involved in a data-breach scandal, in which data of 87 million Facebook users was gathered and used in political campaigns.

Mr. Schroepfer will be outlining these measures while he gives evidence to a parliamentary committee set up to look into fake news as well as the personal data leak scandal linked to the political consultancy firm, Cambridge Analytica.

Academic Aleksandr Kogan's company, Global Science Research, developed a Facebook app that vacuumed up information from users as well as additional data from their Facebook friends.

On Monday, April 16th, Mark Zuckerberg sold 145,000 shares of Facebook stock.

Virtually all eyes on Wall Street looked to Facebook (FB) on Wednesday, which posted first-quarter 2018 earnings that beat Wall Street's estimates and followed one of the most controversial periods for the social network in its history.

The company, 4C, tracks $250 million in actual spending from more than 1,000 brands that use its tools to buy ads. In fact, Facebook's first quarterly results showed that its revenue had jumped 50 percent year on year.

The number of daily active users for Facebook was 1.45 billion on average for March 2018 - and increase of 13 per cent year on year. That amounts to 70 million monthly active users last quarter. Kogan also said whistleblower Christopher Wylie had "invented many things", and that he believes he is being used as a scapegoat by Facebook. Its 27,742 employees represent a 48 percent increase compared to the year before.

In the United States, Facebook is facing the potential of massive fines from the Federal Trade Commission if the agency determines that the company misled users about its privacy protections.

VOX to open multiplex in Riyadh soon
The new movie theater also came equipped with prayer rooms to accommodate the daily Muslim prayer times. In recent years, the country has also hosted local film festivals and screenings in makeshift theaters.

Prince's sister troubled by death investigation
He said did not realize his boss had an opioid addiction until he passed out on a plane a week before he died . The "majority" of evidence from the investigation into Prince's death has been released to the public.

Gazidis suggests Wenger won't retire after Arsenal departure
Wenger was seen as a trailblazer for foreign coaches and Liverpool boss Jurgen Klopp said he was "always a big role model". Mourinho, an English Premier League title victor with Chelsea , recognised what Wenger had achieved.

A recent study by the American Press Institute and the Associated Press-NORC Centre for Public Affairs Research found that 12 percent of people trusted Facebook as a news source.

In comparison, China's estimated population stands at 1.414-billion. It has not shared the revenue generated by Instagram, the photo-sharing app it owns, and it declined to provide details about time spent on Facebook. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

Facebook and Alphabet's Google together dominate the Internet ad business worldwide. The firm now makes over US$11.7-billion on ad revenue.

The company also said it has approved a plan to boost its share buyback program by $9 billion. It had initially authorised repurchases up to $6 billion.

The Cambridge Analytica story hit toward the end of the quarter, in the middle of March, however, so the full impact might not register in the latest filing financial filings.

The Cambridge Analytica scandal, which has sparked government investigations globally, was mentioned only once on an hour-long conference call between analysts and Facebook management, when one analyst asked Zuckerberg what he learned from testifying in USA congressional hearings.

Facebook CEO Mark Zuckerberg was also questioned by lawmakers earlier this month about the company's data-privacy practices.

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